Conglomerate 3M announced today its third-quarter dividend of $0.635 per share, the same rate it's paid for the past two quarters after raising the payout almost 8% from $0.59 per share.
The board of directors said the quarterly dividend is payable on September 12 to holders of record at the close of business on August 23. 3M has paid dividends to its shareholders for 97 consecutive years.
The regular dividend payment equates to a $2.54-per-share annual dividend, yielding 2.1% based on the closing price today of 3M's stock.
The article 3M Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool recommends 3M. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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